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317 N 11th St Sunnyside, WA 98944

3 Beds 1 Baths 984 sqft Built 1935

$195,500

List Price

$936

$842.4 - $1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1935
  • Price/Sqft : $198.68
  • 3 Days on Market
  • MLS # : 20-2518
  • Updated Date : 11/05/2020 at 20:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 984 sqft
  • Baths : 1 full
Listing Agent

Century 21 Yakima Branch

Listing Agent's Description

This cozy 3-bedroom 1 bath home is located near all amenities. This home features 2 car garage with a BIG bonus room in the back of the house. This bonus room has power installed. Plenty of parking space for all your cars and boats. The home has a new fence and a large back yard BIG enough for all your BBQ parties. Great investment home or for all first-time home buyers. Call your favorite realtor today!

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PRICE & RENT TRENDS

Zip Code: 98944

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170kPrice in $66k171k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 98944

No Data Available.

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chief Kamiakin Elementary School Primary Regular 782 51 1
Sierra Vista Middle School Middle Regular 696 34 1

Chief Kamiakin Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 51
1
GreatSchools Rating

Sierra Vista Middle School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 34
1
GreatSchools Rating
 

$175,950$215,050$195,500

PURCHASE PRICE

$842$1,030$936

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $936
EXPENSES Loan Payment -$721
Property Tax -$134
Property Insurance -$47
Property Management Fees -$109
CASH FLOW
-$75

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$195,500

PROJECTED PRICE

$936

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,558

INVESTMENT

$57,558

Down Payment
$48,875
Rehab Estimate
$5,750
Closing Costs
$2,933

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$721

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,875
Loan Amount $146,625
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,726

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $936

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$936
1$936
$936
RENT COMPS ANALYSIS
  • 317 N 11th St Sunnyside, WA
    • 3 beds 1 baths ∙ 984 Sqft ∙ Built 1935 3 beds 1 baths ∙ 984 Sqft ∙ Built 1935
    • Rent
    • Rent Per SQFT
    •  
    • $936
    • $0.95
    •  
PROPERTY LISTING DETAILS
Silvia Ramos
1.509.790.7665
Century 21 Yakima Branch
BESbswy